Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

	Predecessor																	Successor
													Period From			Period From		Period From
	2019				2019				2019				10/01/19			01/01/19		12/14/19
(Dollars in millions, except	First				Second				Third				through			through		through
per share amounts)	Quarter				Quarter				Quarter				12/13/19			12/13/19		12/31/19
Revenues	$	1,346			$	1,309			$	1,314			$	985		$	4,954	$	261
Gross Profit	264				290				307				240			1,101		53
Net Income (Loss) Attributable to Weatherford	(481		)	(a)	(316		)	(b)	(821		)	(c)	5,279		(d)	3,661		(26		)
Basic and Diluted Income (Loss) Per Share	(0.48		)		(0.31		)		(0.82		)		5.26			3.65		(0.37		)

(a) Includes charges of $298 million primarily related to goodwill impairment of $229 million, as well as $69 million primarily related to long-lived asset impairments, asset write-downs and inventory charges, restructuring and transformation charges and prepetition charges.

(b) Includes charges of $125 million primarily related to goodwill impairment of $102 million and prepetition charges of $76 million, as well as $61 million primarily related to restructuring, transformation and asset write-downs charges, partially offset by gains on sales of businesses of $114 million.

(c) Includes charges of $487 million primarily related to goodwill impairment of $399 million, restructuring and transformation charges and asset write-downs and inventory charges. We also incurred reorganization charges of $303 million related to our bankruptcy Plan.

(d) Includes reorganization gains of $5.7 billion related to our emergence from bankruptcy and Fresh Start Accounting. Includes charges of $342 million primarily related to restructuring and transformation charges and asset write-downs and inventory charges.

	2018 Quarters
(Dollars in millions, except per share amounts)	First				Second				Third				Fourth				Total
Revenues	$	1,423			$	1,448			$	1,444			$	1,429			$	5,744
Gross Profit	278				305				339				308				1,230
Net Loss Attributable to Weatherford	(245		)	(e)	(264		)	(f)	(199		)	(g)	(2,103		)	(h)	(2,811		)
Basic and Diluted Loss Per Share	(0.25		)		(0.26		)		(0.20		)		(2.10		)		(2.82		)

(e) Includes charges of $57 million primarily related to a bond tender and call premium, restructuring and transformation charges, currency devaluation charges, asset write-downs and inventory charges, offset by gains on purchase of the remaining interest in a joint venture and a warrant fair value adjustment.

(f) Includes credits of $109 million primarily related to restructuring and transformation charges, currency devaluation charges, long-lived asset impairments, other asset write-downs, offset by gains on property sales and a reduction of a contingency reserve on a legacy contract and a warrant fair value adjustment.

(g) Includes charges of $95 million primarily related to restructuring and transformation charges, currency devaluation charges, long-lived asset impairments and deferred mobilization costs and other assets of the land drilling rigs business, offset by a gain on a warrant fair value adjustment.

(h)

Includes charges of $2.0 billion primarily related to goodwill impairment of $1.9 billion.